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Alias Born 10/04/2004

Re: None

Wednesday, 03/27/2024 9:34:24 AM

Wednesday, March 27, 2024 9:34:24 AM

Post# of 112576
DRCT was total BS, just like I had assumed !

I knew either the numbers were BS, or it was a total fraud. Turns out, they make 58% from the buy side, but only 14% from the sell side, and sell side revenues represent the huge majority of revenues close to 80% ! Overall margins were around 22% for 2023. If the same holds true in 2024, then almost all of profits in 2024 will be eaten up by the higher operating expenses ! So maybe the company isn't a fraud after all, just that they can't make much of a profit with their crazy business, which I still don't understand fully. My new target is $3-$4

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